The Foreign Policy Shaped by the Pledge to Support Free

question 36

Multiple Choice

The foreign policy shaped by the pledge to support free people who are resisting attempted subjugation by armed minorities or by outside pressures became known as

• A) the balance of power system.
• B) regional security.
• C) the collective security system.
• D) the Truman Doctrine.

---

Definitions:

Elastic Demand

Refers to a situation where the quantity demanded for a product or service changes significantly in response to changes in its price.

Pure Monopolist

A single seller in a market with no close substitutes for the product, resulting in complete market control.

Pure Competitor

A market participant in an industry where many sellers offer identical products, and no single seller can influence market price.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for competition on factors other than price.